Expansive Land Parcel in Uruma, Okinawa with High Investment Potential
This listing presents a substantial land opportunity in the Katsuren Heshikya area of Uruma City, Okinawa. The property consists of a generous 1,193 square meter plot (approximately 360.88 tsubo), offered at a price of 45.7 million yen. A key feature highlighted by the agent is its status as a military-use land parcel, offering an annual lease income of approximately 1.11 million yen and a high yield multiplier of 40.9x, indicating significant investment appeal.
Critical agent notes provide essential details for prospective buyers. The sale involves six contiguous land titles being sold together as a single package. It is an "as-is" transaction (現状有姿売買), meaning the property is sold in its current condition without warranties. The fixed asset tax calculation date is set for April 1st. Importantly, a change of land category (地目変更) will be required, which is a crucial administrative step for future development or use.
The area of Uruma City is rich in natural beauty and historical significance, formed from the merger of several towns on Okinawa's eastern coast. An interesting local fact is that the nearby Katsuren Castle, a UNESCO World Heritage site, was once a powerful trading hub in the Ryukyu Kingdom, facilitating exchange with China and other Asian nations. The property is situated relatively close to the scenic Katsuren Peninsula, offering potential for views and convenient access to coastal areas.
